INVESTMENT HIGHLIGHTS

Lease and Location

• Dark building – Family Dollar is still paying rent and a new owner has the ability to negotiate a buyout and re-tenant the property.
• 2019 build-to-suit construction for Family Dollar
• ±5 Years remaining on an initial 10-Year
• Corporately guaranteed lease
• Six, 5-Year renewal options all of which includes 5% increases in options
• Traffic counts in excess of ±27,000 vehicles daily at the intersection of Genesee St & Bailey Ave
• Family Dollar just completed an H2.5 remodel of the store, proving their commitment to the market and location
• 5-Mile population of 401,410 residents
• Average household income of $83,001 annually

Tenant

• Investment Grade Credit Tenant – S&P Rated BBB
• Dollar Tree is one of the few retailers that thrived through the COVID pandemic and witnessed a sharp increase in samestore sales / profitability
• Dollar Tree acquired Family Dollar in 2015 and they are considered to be the second largest discount retailer in the United States with more than 16,000 locations